There were lots of mixed pressures on the market today, and this week overall. Outside markets were key among them. Trading volume was modest today, except for meal, oil, and livestock. On the week, livestock and soyoil took losses, while fund long positions held up for soymeal.
While some private forecasts this week foresee a smaller harvested crop than in USDA’s spreadsheet, they are still predicting robust crops. Next week’s WASDE report will reveal whether the agency sees the landscape any differently. The USDA Export Sales report, delayed by a day due to Monday’s holiday, revealed robust new crop corn, soybean and soymeal sales. Nearly 1 MMT of soymeal have sold in the past two weeks. New commitments f...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
